EMERGING MARKETS - FX, Stocks Tumble after Trump's Tariffs Shock Global Markets

GLOBAL MARKET - TOKYO. Most emerging market assets slumped on Monday after U.S. President Donald Trump imposed his threatened tariffs on top trading partners, fanning fears of a global trade war which sent investors flocking to some safe-haven assets.

Trump on Saturday ordered sweeping tariffs on Mexican, Canadian and Chinese imports, with a hefty 25% on the U.S. neighbours and a 10% on goods from China, starting Tuesday.